Zerodha - Number One Discount Broker in India
- Thread starter Traderji
- Start date
Lootaneka naya thareeka hai this....its auto square up ...by one click all mis positions will square up and by one click all MIS orders will cancells....then why they charging for this as call & Trade ...totally nonsense 
But since they are charging and adding all the taxes on it, there should be a pucca bill for it.
And probably the tax will go up to 18%, with the GST coming on 1st July.
On a different note, we already have to deal with so many taxes, pushing the break-even further away, & they are going to add even more? No wonder there are fewer people investing/trading in stock-markets in India than in advanced countries, & this will probably not change until the government brings down trading-costs by reducing or eliminating some of the taxes.
No wonder there are fewer people investing/trading in stock-markets in India than in advanced countries, & this will probably not change until the government brings down trading-costs by reducing or eliminating some of the taxes. 
Very good question. I guess the first step would be to contact other authorities at Zerodha. Failing that, maybe a legal notice from my end. Failing that... let's see.
Ok, given that the contract note would include only the actual trades i.e. whatever the NSE messages. Ok, maybe for some reason they can't include it in the contract note, then they should provide a separate bill for it.
Surely they have multiple entries in their accounts. One entry for the actual charge, and one entry for the tax in whatever tax register they maintain. Both these entries have to come from some document i.e. the bill. Even if they only raise a ledger entry, they should provide a proper transaction number for it.
No doubt the charge is legal, but it has to be levied legally backed by legal documents.
Had call from them, the Mr. Joel Alvarez who sent that mail. He tried to insist that there is no bill for call-n-trade. I asked him not to hurry about it, and to consult their CA and other accountants and lawyer about it. I am no no hurry, I said, but he should consult his superiors. That's where the topic ended for the day.
BTW, I also mentioned the problem with "to date" in the Q backoffice
Don't y'all think that if the charge is levied and taxed, there should be a bill about it ?
Ok, given that the contract note would include only the actual trades i.e. whatever the NSE messages. Ok, maybe for some reason they can't include it in the contract note, then they should provide a separate bill for it.
Surely they have multiple entries in their accounts. One entry for the actual charge, and one entry for the tax in whatever tax register they maintain. Both these entries have to come from some document i.e. the bill. Even if they only raise a ledger entry, they should provide a proper transaction number for it.
No doubt the charge is legal, but it has to be levied legally backed by legal documents.
Had call from them, the Mr. Joel Alvarez who sent that mail. He tried to insist that there is no bill for call-n-trade. I asked him not to hurry about it, and to consult their CA and other accountants and lawyer about it. I am no no hurry, I said, but he should consult his superiors. That's where the topic ended for the day.
BTW, I also mentioned the problem with "to date" in the Q backoffice
Don't y'all think that if the charge is levied and taxed, there should be a bill about it ?
Very good question. I guess the first step would be to contact other authorities at Zerodha. Failing that, maybe a legal notice from my end. Failing that... let's see.
Ok, given that the contract note would include only the actual trades i.e. whatever the NSE messages. Ok, maybe for some reason they can't include it in the contract note, then they should provide a separate bill for it.
Surely they have multiple entries in their accounts. One entry for the actual charge, and one entry for the tax in whatever tax register they maintain. Both these entries have to come from some document i.e. the bill. Even if they only raise a ledger entry, they should provide a proper transaction number for it.
No doubt the charge is legal, but it has to be levied legally backed by legal documents.
Had call from them, the Mr. Joel Alvarez who sent that mail. He tried to insist that there is no bill for call-n-trade. I asked him not to hurry about it, and to consult their CA and other accountants and lawyer about it. I am no no hurry, I said, but he should consult his superiors. That's where the topic ended for the day.
BTW, I also mentioned the problem with "to date" in the Q backoffice
Don't y'all think that if the charge is levied and taxed, there should be a bill about it ?
Ok, given that the contract note would include only the actual trades i.e. whatever the NSE messages. Ok, maybe for some reason they can't include it in the contract note, then they should provide a separate bill for it.
Surely they have multiple entries in their accounts. One entry for the actual charge, and one entry for the tax in whatever tax register they maintain. Both these entries have to come from some document i.e. the bill. Even if they only raise a ledger entry, they should provide a proper transaction number for it.
No doubt the charge is legal, but it has to be levied legally backed by legal documents.
Had call from them, the Mr. Joel Alvarez who sent that mail. He tried to insist that there is no bill for call-n-trade. I asked him not to hurry about it, and to consult their CA and other accountants and lawyer about it. I am no no hurry, I said, but he should consult his superiors. That's where the topic ended for the day.
BTW, I also mentioned the problem with "to date" in the Q backoffice
Don't y'all think that if the charge is levied and taxed, there should be a bill about it ?
